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  4. 3365 57th Avenue N, ST PETERSBURG, FL 33714
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3365 57th Avenue N
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PRICED AT ONLY: $995,000

Address: 3365 57th Avenue N, ST PETERSBURG, FL 33714

Description

Buyer financing fell through, give us a call to tour. Management in Place to assist with the transition! Welcome to The Urban Standard! An urban oasis located in St. Pete. The unique property features a mixture of 6 short and mid term rentals, and 3 long term leases. Ideally situated near bus lines, shopping, restaurants, and entertainment in the heart of St. Petersburg, this three income producing property in Pinellas County has endless value add opportunities! With diverse rental options, plus located in unincorporated Pinellas County, this property experiences very low vacancy. The property consists of two buildings: a four unit at the front and a four unit at the back, with two additional studios. A shared community garden space, plus a dedicated dog park, make up this professionally managed complex. The property estimates a Net Operating Income (NOI) of $60,884.83 for 2024, with a CAP rate of 6.1% and the Pro Forma numbers for 2025 with a CAP rate of 9.6%, making it the best buy on the market. Sold with 6 fully furnished units, it is ready to go for the next owner.

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  • MLS#: TB8339945 ( Residential Income )
  • Street Address: 3365 57th Avenue N
  • Viewed: 301
  • Price: $995,000
  • Price sqft: $229
  • Waterfront: No
  • Year Built: 1925
  • Bldg sqft: 4350
  • Days On Market: 87

Description

Buyer financing fell through, give us a call to tour. Management in Place to assist with the transition! Welcome to The Urban Standard! An urban oasis located in St. Pete. The unique property features a mixture of 6 short and mid term rentals, and 3 long term leases. Ideally situated near bus lines, shopping, restaurants, and entertainment in the heart of St. Petersburg, this three income producing property in Pinellas County has endless value add opportunities! With diverse rental options, plus located in unincorporated Pinellas County, this property experiences very low vacancy. The property consists of two buildings: a four unit at the front and a four unit at the back, with two additional studios. A shared community garden space, plus a dedicated dog park, make up this professionally managed complex. The property estimates a Net Operating Income (NOI) of $60,884.83 for 2024, with a CAP rate of 6.1% and the Pro Forma numbers for 2025 with a CAP rate of 9.6%, making it the best buy on the market. Sold with 6 fully furnished units, it is ready to go for the next owner.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Courtyard, Other, Storage
  • Living Area: 3800.00
  • Roof: Shingle
School Information
  • High School: Northeast High-PN
  • Middle School: Meadowlawn Middle-PN
  • School Elementary: Lealman Avenue Elementary-PN
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Units / Window Unit
  • Sewer: Public Sewer
  • Utilities: Public
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Appliances: Microwave, Range, Refrigerator
  • Country: US
  • Interior Features: Ceiling Fans(s), Other
  • Legal Description: ARCADIAN HEIGHTS BLK A, LOT 21
  • Area Major: 33714 - St Pete
  • Occupant Type: Tenant
  • Parcel Number: 35-30-16-01404-001-0210
  • Views: 301
  • Zoning Code: R-4
Nearby Subdivisions
520000520000   Ann Park Heights   Arcadian Heights   Fiftieth Ave Homesites Rev   Highland Groves   Orangewood Heights   Romeo Heights   Wilsons Rep   X  
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Multi Unit Investor Opportunity on Shaded Lot with Rental Income Minutes from Downtown St. Pete. Tucked beneath a canopy of mature trees on a generously shaded lot, this unique multi unit property is

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  1. Bedrooms: 10
  2. Baths: 9
  1. MLSID: TB8367052
  2. Provided by KELLER WILLIAMS REALTY- PALM H
  3. Contact Jodi Avery
  4. mfrmls
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